The transition to renewable power from traditional fuels will create a $16 trillion investment opportunity through 2030 as spending shifts to new infrastructure, Goldman Sachs analysts say.
A 75 percent drop in electricity rates, thanks to a quadrupled clean generation capacity, is one of the legacies to be left in Chile by the administration of Michelle Bachelet, who steps down on March 11.
Goldman Sachs says renewable-energy spending will surpass oil and gas for the first time ever in 2021 - and sees total investment spiking to $16 trillion over the next decade
The transition to renewable power from traditional fuels will create a $16 trillion investment opportunity through 2030 as spending shifts to new infrastructure, Goldman Sachs analysts say.